In the Jordanian domestic
rebar market, prices have remained unchanged over the last two weeks, while demand is now better, supported by many traders having low inventory levels and buyers' belief that
rebar prices have reached the bottom.
Accordingly, medium sized
rebar prices in
Jordan are still standing at the price range of JOD 645-650/mt ($908-915/mt) ex-works, including eight percent VAT, on actual weight basis, for 30-day deferred payment.
In addition, SteelOrbis has learned that steel
billet demand is also at good levels in
Jordan and in the last two weeks approximately 25,000 mt of steel
billet bookings in total were concluded from
Turkey and the
CIS. However, it is also reported that, due to the ongoing political disorder in Syria, freight rates from
Turkey and the
CIS to
Jordan have increased and this has led Jordanian buyers to begin purchasing
billet from
Kuwait.
JOD 1 = $1.408